18,271 Shares in Weis Markets, Inc. (WMK) Purchased by Stone Ridge Asset Management LLC
Stone Ridge Asset Management LLC purchased a new stake in Weis Markets, Inc. (NYSE:WMK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,271 shares of the company’s stock, valued at approximately $756,000. Stone Ridge Asset Management LLC owned 0.07% of Weis Markets as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Jefferies Group LLC lifted its stake in shares of Weis Markets by 105.4% in the 4th quarter. Jefferies Group LLC now owns 11,487 shares of the company’s stock valued at $475,000 after purchasing an additional 5,895 shares during the period. Sapphire Star Partners LP acquired a new position in shares of Weis Markets in the 4th quarter valued at $400,000. AXA acquired a new position in shares of Weis Markets in the 4th quarter valued at $877,000. Citadel Advisors LLC lifted its stake in shares of Weis Markets by 148.9% in the 4th quarter. Citadel Advisors LLC now owns 24,178 shares of the company’s stock valued at $1,001,000 after purchasing an additional 14,464 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Weis Markets by 10.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 151,652 shares of the company’s stock valued at $6,277,000 after purchasing an additional 14,404 shares during the period. 33.18% of the stock is currently owned by institutional investors.
Shares of Weis Markets stock opened at $38.31 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 0.74. Weis Markets, Inc. has a 1 year low of $31.26 and a 1 year high of $62.88. The company has a market cap of $1,035.04, a price-to-earnings ratio of 10.47 and a beta of 0.65.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, February 9th. Weis Markets’s dividend payout ratio is currently 32.79%.
Separately, TheStreet downgraded Weis Markets from a “b-” rating to a “c” rating in a research note on Friday, December 8th.
Weis Markets Company Profile
Weis Markets, Inc is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products.
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